From Financialpost · · 1m 10s
Cambria Gold Mines Finds High Gold Grades at Silver Coin Deposit
Cambria Gold Mines reports 98.56 g/t gold over 8.2 metres at Silver Coin Deposit, key to 2027 mine restart.
In brief
Cambria Gold Mines reports 98.56 g/t gold over 8.2 metres at Silver Coin Deposit, key to 2027 mine restart. Cambria Gold Mines found 98.56 g/t gold over 8.2 metres at Silver Coin Deposit, critical for restarting Premier Mill in 2027. Originally reported by Financialpost.
New Gold Results
Cambria Gold Mines reports 98.56 g/t gold over 8.2 metres in hole SC26-2714.
“98.56 g/t Au over 8.2 m (incl. 794.00 g/t Au over 1.0 m) in hole SC26-2714”
Additional Drill Results
Cambria reports 22.62 g/t gold over 4.4 metres in hole SC26-2710 and 3.75 g/t over 20.0 metres.
“22.62 g/t Au over 4.4 m (incl. 93.80 g/t Au over 1.0 m) in hole SC26-2710”
Silver Coin Deposit Strategy
Silver Coin Deposit is a priority for underground development in spring 2027 with high gold grades.
“High gold grades over potentially underground bulk mineable widths at the Silver Coin Deposit makes this area a priority for underground development in the spring of 2027”
Geological Model
Cambria has a strong geological model of multi-phased epithermal gold system with wide mineralized domains.
“Our team has outlined a strong geological model of a multi-phased epithermal gold system with multiple, wide mineralized domains, several of which are open for expansion”
Silver Coin Deposit History
Northern portion of Silver Coin was mined in 1990s by Westmin and Tenajon Resources.
“The northern portion of the Silver Coin deposit was mined in the 1990s by Westmin and Tenajon Resources by underground longhole stoping”
2027 Mine Restart Plan
Silver Coin and Premier Deposit will feed Premier Mill during 2027 construction of Red Mountain Deposit.
“Material from Silver Coin, combined with high-grade from the Premier Deposit, is expected to provide the initial feed for Cambria’s 2,500 tonne per day Premier Mill during the restart of mining operations, while the construction of the Red Mountain Deposit is completed”
Future Drilling Plans
Over 14,000 metres of drilling expected to update Mineral Resource Estimate and Feasibility Study by H1 2027.
“Results from over 14,000 metres of drilling at Silver Coin are expected over the next several weeks and will help to inform an updated Mineral Resource Estimate and Feasibility Study targeted for completion in H1 2027”
The big picture
Cambria Gold Mines found 98.56 g/t gold over 8.2 metres at Silver Coin Deposit, critical for restarting Premier Mill in 2027.
